Financial Performance - The company recorded a revenue of approximately RMB 2,075.6 million for the year 2022, representing a decrease of 8.3% compared to the previous year[12]. - The marine construction segment generated revenue of approximately RMB 512.5 million, while the municipal engineering construction segment contributed approximately RMB 1,563.1 million[12]. - The net profit for the year 2022 was approximately RMB 27.1 million[12]. - The gross profit margin for the year 2022 was maintained at 8.2%, slightly down from the previous year[17]. - The group's consolidated revenue for 2022 was RMB 2,075.6 million, a decrease of approximately 8.3% compared to RMB 2,262.8 million in the previous fiscal year[23]. - The cost of sales for 2022 was RMB 1,904.5 million, down 7.3% from RMB 2,055.0 million in 2021[24]. - The gross profit for the group in 2022 was approximately RMB 171.1 million, a decrease of 17.7% from RMB 207.8 million in 2021[26]. - Administrative expenses for 2022 were RMB 92.4 million, a reduction of 18.7% compared to RMB 113.6 million in 2021, with the percentage of administrative expenses to revenue decreasing from 5.0% to 4.5%[27]. - The total employee cost for the group was approximately RMB 718 million for the reporting period, compared to RMB 699 million in the previous year, reflecting an increase of about 2.7%[98]. Strategic Plans and Goals - The company plans to enhance its technological innovation, value creation, and risk management capabilities in 2023[12]. - The company aims to strengthen cost control and increase project value to improve investment returns[12]. - The company will focus on expanding its market presence, particularly in Southeast Asia, and developing green low-carbon industries[15]. - The company is committed to optimizing its operational structure and enhancing corporate governance mechanisms[15]. - The company continues to emphasize high-quality development and aims to maximize shareholder returns[12]. - The group plans to strengthen internal controls, enhance cost management, and expand its business scope to improve shareholder returns[21]. - The group aims to actively participate in the "Belt and Road" initiative while managing risks associated with international market uncertainties[22]. Corporate Governance and Management - The board consists of eight members, including four executive directors, one non-executive director, and three independent non-executive directors[47]. - The company has a strong management team with extensive experience in finance and investment banking, including members with over 20 years of industry experience[63]. - The financial team, led by CFO Ye Sheng, has over 15 years of experience in auditing and finance, which strengthens the company's financial oversight[67]. - The company has multiple subsidiaries, with key management personnel serving as directors in these subsidiaries, indicating a structured governance model[67]. - The management team includes independent directors with significant experience in accounting and finance, ensuring robust governance and compliance[59][64]. - The company aims to leverage its management's expertise to drive future growth and profitability in a competitive market[63]. Shareholder Information - The company’s available distributable reserves as of December 31, 2022, were RMB 280.1 million, calculated under the Cayman Islands Companies Law[87]. - The board proposed a final dividend of HKD 0.92 per share for the year ended December 31, 2022, compared to HKD 1.60 per share for the previous year[75]. - HuaZi Holding Limited holds a beneficial interest of 315,467,967 shares, representing 38.22% of the total shares issued[107]. - Ye Wang Zhou Holding Limited owns 104,324,869 shares, accounting for 12.64% of the total shares issued[107]. - The total number of shares issued as of December 31, 2022, is 825,400,000[108]. - The combined holdings of key shareholders, including HuaZi Holding Limited and Ye Wang Zhou Holding Limited, amount to 419,792,836 shares, which is 50.86% of the total shares[107]. - HZ&BT Development Holding Limited has a beneficial interest of 143,542,720 shares, equivalent to 17.39% of the total shares[107]. Contracts and Agreements - The company completed 361 contracts with an original contract value of RMB 2,348.6 million and entered into 395 new contracts valued at RMB 2,815.3 million during the year[79]. - As of December 31, 2022, the company had 132 contracts on hand with an original contract value of RMB 7,706.5 million and an uncompleted contract value totaling RMB 3,650.7 million[79]. - The company has established a stable business relationship with Huazi Bente Construction Group since 2010, ensuring familiarity with business needs and quality standards[187]. - A new total construction service agreement for the period from 2023 to 2025 has been signed, following the expiration of the previous agreement on December 31, 2022[191]. - The annual transaction caps under the total construction service agreement for the years 2020, 2021, and 2022 are approximately RMB 57.0 million, RMB 228.0 million, and RMB 347.0 million respectively[196]. - The amount related to transactions under the total construction service agreement for the year ended December 31, 2022, was approximately RMB 71.2 million[196]. Related Party Transactions - The company does not rely on Huazi Bounty Group for raw materials, as it can easily source similar quality materials from independent third parties[149]. - The prices for raw materials are determined through a bidding process involving at least two independent bidders[149]. - The company’s board believes that the terms offered by Huazi Bounty Group are fair and comparable to those from independent suppliers[149]. - The independent auditor provided an unqualified opinion on the continuing connected transactions disclosed in accordance with the listing rules[200]. International Operations - The company holds a 67% stake in PT Pembangunan Perumahan (PTPB) in Indonesia, with the remaining 33% held by local partners[159]. - The company has established a loan agreement with PTPB for a total of USD 330,000 to invest in its Indonesian operations[161]. - The company collaborates closely with external legal advisors to monitor the regulatory environment in Indonesia to mitigate risks associated with the contractual arrangement[158]. - The company plans to dissolve the contractual arrangement if Indonesian laws allow foreign shareholders to directly hold more than 67% of an Indonesian construction service company[173].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容所產生或 因依賴該等內容而引致的任何損失承擔任何責任。 華滋國際海洋股份有限公司 Watts International Maritime Company Limited （於開曼群島註冊成立的有限公司） （股份代號：2258） 截至二零二二年十二月三十一日止年度之 年度業績公告 財務摘要 截至十二月三十一日止年度 二零二二年 二零二一年 人民幣千元 人民幣千元 收入 2,075,610 2,262,779 毛利 171,126 207,768 除所得稅前利潤 40,121 58,042 年內利潤 27,098 47,062 本公司股東應佔年內綜合收益總額 39,719 45,128 ...

Financial Performance - The company's consolidated revenue for the first half of 2022 was RMB 1,024.0 million, an increase of approximately 6.6% compared to RMB 960.5 million in the same period last year[14]. - Revenue from the marine construction segment was RMB 240.3 million, while the municipal engineering segment generated RMB 783.7 million[10]. - The gross profit for the main business was RMB 80.9 million, a decrease of 8.5% from RMB 88.4 million in the same period last year[17]. - Operating profit for the first half of 2022 was RMB 29.2 million, down 22.1% from RMB 37.5 million in the previous year[18]. - Net profit attributable to shareholders for the period was RMB 15,328 thousand, down from RMB 22,710 thousand in the previous year, a decrease of around 32.5%[62]. - Basic and diluted earnings per share for the period were both RMB 1.87, compared to RMB 2.95 in the same period last year, a decline of approximately 36.6%[62]. - The total comprehensive income for the six months ended June 30, 2022, was RMB 45,128 thousand, with a profit of RMB 47,062 thousand during the period[69]. - The company reported a net profit of RMB 15,301 thousand for the six-month period[141]. Costs and Expenses - The cost of sales for the first half of 2022 was RMB 943.1 million, an increase of 8.1% from RMB 872.1 million in the previous year[17]. - Administrative expenses increased by 10.7% to RMB 52.8 million, compared to RMB 47.7 million in the previous year, primarily due to more construction projects and the recurring impact of COVID-19[19]. - The total operating expenses for the period were RMB 59,970 thousand, resulting in a profit before tax of RMB 18,709 thousand[141]. - The company incurred a financial cost of RMB 7,675,000 for the reporting period, indicating the cost of financing activities[143]. Assets and Liabilities - As of June 30, 2022, total assets amounted to RMB 3,222,289 thousand, and total liabilities were RMB 2,514,414 thousand[141]. - The group's debt-to-asset ratio was 78.0% as of June 30, 2022, slightly down from 78.9% as of December 31, 2021[24]. - The group's trade and other payables decreased to RMB 2,217.6 million as of June 30, 2022, down from RMB 2,436.1 million as of December 31, 2021, due to the impact of COVID-19 and supply chain disruptions[23]. - The total non-derivative financial liabilities were RMB 2,346,204 thousand, with bank borrowings of RMB 216,782 thousand[126]. Cash Flow - The net cash used in operating activities for the six months ended June 30, 2022, was RMB (259,654) thousand, compared to RMB (106,784) thousand in the same period of 2021, indicating a significant increase in cash outflow[73]. - Cash and cash equivalents as of June 30, 2022, were RMB 267,888 thousand, down from RMB 443,833 thousand at the end of 2021, a decrease of about 39.7%[64]. - The company reported a net cash inflow from financing activities of RMB 84,723 thousand for the six months ended June 30, 2022, compared to RMB 23,946 thousand in the same period of 2021[73]. Taxation - The group's income tax expense for the first half of 2022 was RMB 34 million, a decrease of 39.3% compared to RMB 56 million in the first half of 2021, primarily due to a reduction in pre-tax profit during the reporting period[20]. - The income tax expense for the six months ended June 30, 2022, was RMB 3,408,000, a decrease from RMB 5,640,000 in the same period of the previous year[156]. Shareholder Information - The board decided not to declare any dividends for the six months ended June 30, 2022, considering the need to maintain sufficient cash flow for ongoing operations and expansion[39]. - The total number of issued shares as of June 30, 2022, was 825,400,000[44]. - The company proposed a final dividend of HKD 0.016 per share, totaling approximately RMB 10,813,000, which was approved by shareholders[196]. Employee Information - As of June 30, 2022, the total number of employees in the group was 542, with employee costs amounting to approximately RMB 32.3 million, an increase from RMB 31.5 million for the same period in 2021[40]. - The company has no significant labor disputes or difficulties in hiring and retaining qualified employees during the reporting period[40]. Risk Management - The group has not experienced significant changes in its risk management policies since year-end[85]. - The group’s financial risk management plan focuses on minimizing potential adverse impacts on financial performance due to market unpredictability[84]. - The maximum credit risk exposure for the group is equivalent to the carrying amount of financial assets, including cash, trade receivables, and contract assets[90]. Receivables and Impairment - As of June 30, 2022, the total trade receivables and warranty receivables amounted to RMB 612,527,000, with an expected loss rate of 2.48% for receivables within one year[97]. - The total impairment provision for trade receivables was RMB 49,003,000, with the highest provision for receivables overdue for more than three years at RMB 33,619,000[97]. - The expected loss rate for warranty receivables was 3.46% for amounts due within one year, with a total value of RMB 16,742,000[97]. Market Strategy - The company plans to optimize project cost control and enhance risk management capabilities while focusing on environmental technology business to improve shareholder returns[12]. - The company aims to capture new market opportunities and increase market participation while emphasizing green construction and continuous investment in environmental technology[12]. - The company will expand its market share in Southeast Asia and participate in the "Belt and Road" initiative amid strong infrastructure demand in the region[13].

Financial Performance - The company reported a revenue of approximately RMB 2,262.8 million for the year, representing a growth of about 24.4% compared to the previous year[14]. - The marine construction segment's revenue increased by approximately 66.2% year-on-year, reaching about RMB 871.2 million, while the municipal engineering construction segment generated revenue of approximately RMB 1,391.6 million[14]. - The net profit for the year was approximately RMB 47.1 million[14]. - The gross profit margin for 2021 was 9.2%, slightly down from the previous year's margin[27]. - The total sales cost for 2021 was RMB 2,055.0 million, a 27.2% increase from RMB 1,615.7 million in 2020[29]. - Administrative expenses for 2021 were RMB 113.6 million, up 22.2% from RMB 93.0 million in 2020, but the percentage of administrative expenses to revenue decreased from 5.1% to 5.0%[33]. - Revenue from the top five customers amounted to approximately RMB 841.9 million, accounting for about 37.2% of total revenue for the year ended December 31, 2021[90]. - Revenue from the largest customer was approximately RMB 424.3 million, representing about 18.7% of total revenue for the same period[90]. - The company’s revenue for the year 2021 was RMB 2,262.8 million, an increase of approximately 24.4% compared to RMB 1,818.4 million in 2020[27]. Market Strategy and Development - The company plans to continue focusing on the domestic market and solidifying its presence in Southeast Asia while actively participating in the "Belt and Road" initiative[17]. - The company aims to deepen its 4+1 business development strategy, enhancing its investments in environmental technology and expanding into new areas such as carbon neutrality[17]. - The company plans to continue expanding its environmental engineering business and strengthen its market competitiveness amid a complex external environment[24]. - The company aims to enhance its market position and expand its share in the environmental technology sector while managing risks in overseas markets[26]. - The government is expected to increase investment to support major projects, providing significant opportunities for the company's further development[14]. Risk Management and Internal Controls - The company will enhance risk management and internal controls while optimizing its operational structure to improve market competitiveness[14]. - The company has integrated internal resources to respond to market changes and challenges posed by the pandemic[13]. - The company is closely monitoring the regulatory environment in Indonesia to mitigate risks associated with contractual arrangements[184]. Management and Governance - The company appointed Wan Yun as CEO on March 27, 2019, who has been with the group since January 2010, overseeing daily operations and overall management[58]. - Wang Lijiang, appointed as an executive director on April 9, 2018, has extensive experience in accounting and financial management, having worked in various roles since 2010[63]. - Wang Likai, appointed as an executive director on June 18, 2020, is responsible for human resources management and resource integration within the group[64]. - The company has a strong management team with diverse backgrounds in finance, real estate, and project management, enhancing its strategic capabilities[67]. - The independent non-executive director Sun Dajian has over 30 years of experience in accounting and finance, contributing to the company's audit and remuneration committees[69]. - The management team emphasizes the importance of financial oversight and strategic development to drive the company's growth[67]. - The board of directors includes members with significant experience in investment banking and corporate finance, providing valuable insights for strategic decisions[74]. Employee and Compensation Policies - The total employee cost for the group was approximately RMB 69.9 million for the reporting period, compared to RMB 58.1 million in the previous year, reflecting an increase of about 20.5%[1]. - As of December 31, 2021, the group had a total of 603 employees, with 274 from Shanghai Municipal Group and 155 from Sanhang Bente Ocean[1]. - The highest paid management personnel received a total salary of RMB 1,000,000 or less, with no individuals exceeding this amount[2]. - The company has not faced any significant labor disputes or difficulties in hiring and retaining qualified employees during the reporting period[1]. - The compensation committee has been established to review and recommend overall compensation policies for directors and senior management[1]. - The company has maintained compliance with local laws and regulations regarding employee compensation and benefits[1]. Shareholder and Dividend Information - The company has a dividend policy that allows the board to declare dividends based on operational performance, cash flow, and future development considerations[86]. - The board proposed a final dividend of HKD 0.016 per share for the year ended December 31, 2021, compared to HKD 0.008 per share for the previous year[87]. - The distributable reserves of the company as of December 31, 2021, amounted to RMB 291.5 million, calculated in accordance with the Cayman Islands Companies Law[100]. Procurement and Related Party Transactions - The total procurement agreement for 2021 has an annual cap of approximately RMB 20.0 million for the years ending December 31, 2021, 2022, and 2023[179]. - The amount related to transactions under the 2021 total procurement agreement for the year ended December 31, 2021, was approximately RMB 10.8 million[179]. - The procurement of raw materials from Wahzi Bounty Group is expected to be conducted on normal or better commercial terms compared to independent third-party providers[175]. - The company does not rely on Wahzi Bounty Group for raw material procurement due to the availability of alternatives in the market[175]. Contractual Arrangements and Investments - The company holds a 67% stake in Indonesian Bounty as of December 31, 2021, and has established contractual arrangements to consolidate control over the remaining 33% stake[181]. - The company has agreed to provide a total loan of USD 330,000 to PTPB for investment in Indonesian Bounty[187]. - The company is integrating Indonesia Pentong to comply with local laws, which limit foreign ownership to 67% in the port, channel, and marine engineering sectors[191].

（於開曼群島註冊成立的有限公司） 股份代號 : 2258 中期報告 2021 目錄 | --- | --- | |--------------------------|-------| | | | | 公司資料 | 2 | | 管理層討論與分析 | 4 | | 權益披露及其他資料 | 10 | | 簡明合併中期綜合收益表 | 14 | | 簡明合併中期財務狀況表 | 15 | | 簡明合併中期權益變動表 | 17 | | 簡明合併中期現金流量表 | 18 | | 簡明合併中期財務報表附註 | 19 | | 釋義 | 59 | 公司資料 獨立非執行董事 王洪衛先生 孫大建先生 董事 執行董事 王秀春先生（主席） 萬雲女士（行政總裁） 王利江先生（兼聯席公司秘書） 王利凱先生 非執行董事 王士忠先生 授權代表 萬雲女士 張瀟女士 開曼群島登記地址 4th Floor, Harbour Place 103 South Church Street PO Box 10240 Grand Cayman, KY1–1002 Cayman Islands 中國主要營業地點及總部 中國上海市 寶山區 | --- | --- | ...

（於開曼群島註冊成立的有限公司） 股份代號 : 2258 华滋国际海洋工程有限公司 年報 2020 目 錄 | --- | --- | --- | |-------|----------------------|-------| | | 公司資料 | 2 | | | 主席報告書 | 4 | | | 管理層討論與分析 | 7 | | | 董事及高級管理層 | 14 | | | 董事會報告 | 19 | | | 企業管治報告 | 48 | | | 環境、社會及管治報告 | 59 | | | 獨立核數師報告 | 82 | | | 合併綜合收益表 | 89 | | | 合併財務狀況表 | 90 | | | 合併權益變動表 | 92 | | | 合併現金流量表 | 94 | | | 合併財務報表附註 | 95 | | | 五年財務概覧 | 188 | | | 釋義 | 189 | 二零二零年年報 公司資料 | --- | --- | |-------------------------------|--------------------------------------------------| | | | | 董 ...

WIME 华滋国际海洋工程有限公司 Watts International Maritime Engineering Limited (於開曼群島註冊成立的有限公司) 股份代號 : 2258 中 期 報 告 2020 目錄 管理層討論與分析4 權益披露及其他資料 10 簡明合併中期綜合收益表 14 簡明合併中期財務狀況表 15 簡明合併中期權益變動表 17 簡明合併中期現金流量表 18 簡明合併中期財務報表附註 19 釋義 63 公司資料2 公司資料 | --- | --- | |-------------------------------|---------------------------------------------| | | | | 董事 | 授權代表 | | 執行董事 | 萬雲女士 | | 王秀春先生 （主席） | 張瀟女士 | | 萬雲女士 （兼行政總裁） | | | 王利江先生 （兼聯席公司秘書） | 開曼群島登記地址 | | 王利凱先生 | 4th Floor, Harbour Place | | Olive Chen 女士 | 103 South Church Street | | ...

华滋国际海洋工程有限公司 （於開曼群島註冊成立的有限公司） 股份代號 : 2258 年報 2019 目 | --- | --- | |-------------------------|-------| | 公司資料 | 2 | | 主席報告書 | 4 | | 管 理 層 討 論 與 分 析 | 7 | | 董事及高级管理層 | 13 | | 董事會報告 | 19 | | 企業管治報告 | 44 | | 環境、社會及管治報告 | 54 | | 獨立核數師報告 | 69 | | 合併綜合收益表 | 76 | | 合併財務狀況表 | 77 | | 合併權益變動表 | 79 | | 合併現金流量表 | 81 | | 合併財務報表附註 | 82 | | 五年財務概覧 | 192 | | | 193 | 棒義 二零一九年年報 公司資料 | --- | --- | |-----------------------------|---------------------------| | | | | 董事 | 聯席公司秘書 | | 執行董事 | 王利江先生 | | 王秀春先生(主席) | 張 蕭女士(ACIS · ACS) ...

WIME 华滋国际海洋工程有限公司 Watts International Maritime Engineering Limited (於開曼群島註冊成立的有限公司) 股份代號 : 2258 中 期 報 告 2019 目錄 公司資料2 管理層討論與分析4 權益披露及其他資料 10 簡明合併中期綜合收益表 14 簡明合併中期財務狀況表 15 簡明合併中期權益變動表 17 簡明合併中期現金流量表 18 簡明合併中期財務報表附註 19 公司資料 授權代表 萬雲女士 王利江先生（自二零一九年八月二十八日起辭任） 王秀春先生（主席） 張瀟女士（自二零一九年八月二十八日獲委任） 王士忠先生 萬雲女士（行政總裁） 開曼群島登記地址 王利江先生（聯席公司秘書） Olive Chen女士 4th Floor, Harbour Place, 103 South Church Street, 獨立非執行董事 PO Box 10240, Grand Cayman, KY1-1002, 孫大建先生 Cayman Islands 侯思明先生 王洪衛先生 中國主要營業地點及總部 審核委員會 中國上海市寶山區 逸仙路2816號 孫大建先生（ ...

Watts International AR2018 Cover_17mm v04.pdf 1 17/4/2019 下午8:08 (Incorporated in the Cayman Islands with limited liability) Stock code : 2258 A n n u al R e p ort 2018 年 報 A n n u al R e p ort 2018 年 報 Annual Report （於開曼群島註冊成立的有限公司） 股份代號 : 2258 年報 | --- | --- | --- | --- | |-------|----------------------|-------|-------| | | 目 錄 | | | | | 公司 | | | | | 公司資料 | | 2 | | | 業務概覽及企業管治 | | | | | 主席報告書 | | 4 | | | 管理層討論與分析 | | 7 | | | | | | | | 董事及高級管理層 | | 12 | | | 董事會報告 | | 19 | | | 企業管治報告 | | 49 | | | 環境、社會及管治報告 ...